Founder of scandal-hit chicken firm returns to lead poultry division

The billionaire founder of the country’s largest supplier of supermarket chicken has returned to take day-to-day control of his business empire’s poultry division, less than two years after stepping down following a food standards scandal. Ranjit Singh Boparan, the co-owner and founder of 2 Sisters Food Group, which supplies about a third of the chicken on UK supermarket shelves, has […]

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Hedge funds win big from short-selling Thomas Cook shares

While thousands of holidaymakers were waiting in overseas airports for the government’s emergency airlift to get them home and Thomas Cook staff were losing their jobs, a group of international hedge funds who bet against Thomas Cook have made big profits from its collapse. Nearly 11% of the travel company’s shares were ‘shorted’ ahead of its collapse. Short-sellers try to […]

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FAA chief says he won't certify the Boeing 737 Max until he flies the plane himself

FAA Administrator Steve Dickson's decision to fly the Max before giving it final approval for commercial service is a new development. Dickson's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. The FAA administrator will meet with Boeing executives and be briefed on software updates to the 737 Max flight control system. Federal Aviation Administrator […]

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Epstein’s private island: Business and tax breaks

Epstein guards reportedly falsified logs Fox News senior judicial analyst Judge Andrew Napolitano on the investigation into the jail where Jeffrey Epstein was held and the potential case against former Epstein employees and alleged co-conspirators. Wall Street financier Jeffrey Epstein – who died in prison while facing sex trafficking charges – amassed what is believed to be a fortune worth hundreds of millions […]

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Morgan Stanley downgrades global stocks: Weak growth to trump easier monetary policy

Morgan Stanley tells clients that despite Wall Street's confidence in easier Fed policy, investors haven't fully priced in weaker GDP data. "The positives of easier policy will be offset by the negatives of weaker growth," wrote chief cross-asset strategist Andrew Sheets. Sheets adds that over the next year, there is just 1% average upside to Morgan Stanley's price targets for […]

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Rahul’s NYAY: Where will the money come from?

Experts say the party is undoing what it achieved through MNREGA by targeting beneficiaries Illustration: Uttam Ghosh/Rediff.com The Congress should come up with maths to fulfil its President Rahul Gandhi’s promise of the Nyuntam Aay Yojana (NYAY) to provide Rs 6,000 to 50 million families a month to show its commitment, say economists. They said identifying the beneficiaries would create […]

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Skills shortages in UK pushing up workers’ pay, says survey

Growing skills shortages in the UK jobs market are starting to drive up wages, according to a survey, as more companies across the country report difficulties finding staff. In a sign that workers’ pay is gradually rising after a “lost decade” of sluggish growth since the financial crisis, private-sector employers said they were expecting to award annual pay increases of […]

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